Perennial Investment Advisors LLC Has $431,000 Stock Position in ASML Holding (NASDAQ:ASML)

Perennial Investment Advisors LLC increased its position in ASML Holding (NASDAQ:ASMLGet Rating) by 74.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 645 shares of the semiconductor company’s stock after purchasing an additional 275 shares during the quarter. Perennial Investment Advisors LLC’s holdings in ASML were worth $431,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in ASML by 7.8% in the fourth quarter. LPL Financial LLC now owns 44,876 shares of the semiconductor company’s stock worth $35,733,000 after purchasing an additional 3,264 shares during the period. Gateway Investment Advisers LLC increased its position in ASML by 49.7% in the first quarter. Gateway Investment Advisers LLC now owns 452 shares of the semiconductor company’s stock worth $302,000 after purchasing an additional 150 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in ASML by 65.8% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 13,399 shares of the semiconductor company’s stock worth $10,668,000 after purchasing an additional 5,318 shares during the period. Optimum Investment Advisors acquired a new stake in ASML in the first quarter worth about $184,000. Finally, Salem Investment Counselors Inc. increased its position in ASML by 6,255.6% in the fourth quarter. Salem Investment Counselors Inc. now owns 572 shares of the semiconductor company’s stock worth $455,000 after purchasing an additional 563 shares during the period. 25.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ASML shares. Deutsche Bank Aktiengesellschaft boosted their target price on ASML from €475.00 ($489.69) to €525.00 ($541.24) and gave the stock a “hold” rating in a research report on Thursday, July 21st. Credit Suisse Group decreased their target price on ASML from €960.00 ($989.69) to €920.00 ($948.45) and set an “outperform” rating for the company in a research report on Thursday, July 21st. Argus started coverage on ASML in a research report on Wednesday, June 29th. They set a “buy” rating and a $590.00 target price for the company. JPMorgan Chase & Co. decreased their target price on ASML from $925.00 to $794.00 in a research report on Thursday, July 21st. Finally, Societe Generale decreased their target price on ASML from €800.00 ($824.74) to €710.00 ($731.96) and set a “buy” rating for the company in a research report on Monday, April 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, ASML presently has a consensus rating of “Moderate Buy” and an average price target of $747.91.

ASML Trading Down 1.9 %

NASDAQ ASML opened at $577.31 on Friday. The stock has a market capitalization of $236.57 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 1.80 and a beta of 1.30. The stock’s 50 day moving average price is $512.23 and its two-hundred day moving average price is $584.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.92 and a current ratio of 1.36. ASML Holding has a 52 week low of $412.67 and a 52 week high of $895.93.

ASML Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, August 5th will be paid a $1.3991 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 4th. ASML’s payout ratio is 13.69%.

About ASML

(Get Rating)

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. The company provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.

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Institutional Ownership by Quarter for ASML (NASDAQ:ASML)

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